Antitrust & Competition

CRA has advised clients on mergers in most major industries and throughout the world. We employ advanced econometric tools—many of which were developed by our own professionals—to speak the language government regulatory agencies themselves use and understand. Our experts define relevant product and geographic markets, measure market concentration, evaluate conditions of entry and efficiencies, and assess the competitive impact of proposed transactions.

CRA also advises companies in many industries to assess whether potential acquisition targets are likely to trigger a merger investigation by a government agency (e.g., US FTC, US DOJ, Canada’s Competition Bureau, European Commission).

When antitrust and IP issues converge, interplay between the two areas will significantly impact your liability and damages arguments. CRA offers a team of world-class economists who specialize in cases that require this expertise. We have provided expert testimony in hundreds of legal disputes involving intertwined IP and antitrust issues, including patent infringement, misappropriation of trade secrets, and antitrust counterclaims.

Since our work on behalf of IBM in the 1970s, we have worked on many of the most important government and private suits on record, including Sprint-T-Mobile, Apple iPod iTunes Antitrust Litigation, US Airways-American Airlines, to name a few. Published research by our senior consultants has led to fundamental changes in how economists consider monopolization claims, vertical restraints, and mergers. Our work encompasses a broad range of matters across numerous industries and geographies.

CRA has provided economic advice and testimony in a number of high-stakes antitrust class action cases. This experience includes analysis of class certification issues, liability, aggregate and individual class damages, injunctive relief, and settlement distribution issues. We apply cutting-edge econometric techniques, simulations, and economic theory to complex economic questions, and present results in expert reports, oral presentations, depositions, and trial testimony that are readily understood by both economists and non-economists.  In addition, we excel in the intensive data analysis and econometric/statistical modeling often required in class certification disputes.

In antitrust matters, damages must be causally related to the conduct that results in the claimed injury to competition. Analysis of causation or antitrust injury is a critical component of the antitrust damages investigation. This, in turn, requires a deep understanding of markets and competition. CRA consultants have unparalleled expertise in antitrust analysis, and they employ this expertise in the damages as well as the liability portions of antitrust disputes.

CRA has addressed and helped resolve a broad array of merger disputes, including matters that involve material adverse effects, unfair merger consideration, and/or class actions. Our team develops economic models and empirical analyses, and then applies valuation methodologies to determine the validity of competing claims. We also provide expert testimony and support on behalf of governments and major industries around the world.

Our consultants have proven expertise in helping businesses define compelling strategies for growth and enhanced shareholder value, and effectively communicating these to senior corporate management and the investment community. We contextualize our work with a broad industry context to tailor our solutions to fit your capabilities, financial wherewithal, and appetite for risk.

CRA advises companies in many industries on growth strategies. We are particularly adept at assessing whether potential acquisition targets are likely to be accretive to earnings per share, and whether a target is a good cultural and strategic fit.